Page 87 - Fraud Case News Today

We had. folks afraid of what may will bring. >> thank you, sir. new developments in the goldman sachs fraud case. the government itself is asking, was the s.e.c.s investigation politically motivated? [ sneezes ] ♪ music plays ♪ [ sneezing ] ♪ ♪ [ male announcer ] what are you gonna miss when you have an allergy attack? benadryl® is more effective than claritin® at relieving your worst symptoms -- runny nose, sneezing, and watery eyes -- and works when you need it most. benadryl®. yo...

The banks. and goldman had clients begging them for more of these things that they could bet on that housing was going to go up. when the e-mails were written as interesting as they are, at that time they didnt look so smart. >> does the s.e.c. have a fraud case? >> its going to be vexingly hard to prove, to the extent goldman is going to capitol hill this week and it will be con shentous and you have senators that will try to paint this as a moral ethical thing and they will say we are market m...

>> i love it. they put in $2 million into their local economy. they are big-town heros. how about that? thank you. >> gregg: all right. some shocking new details coming in through e-mails on the goldman sachs fraud case. were going to tell you about those and a look at whether the employee at the center of that is being used as a scapegoat.

>> that is a huge area of white and red. we know from the national weather service well hear the size of the twisters, because it takes them a few days to figure out how big they were. >> i did see a few reports, winds were from 122 to 130, which would make it close to an ef-4. it will be very powerful once they figure it out. i think it will be higher. >> thank you. >> gregg: its calm outside the arizona state house right now. that was not the case yesterday, if you recall. look at that. hundre...

Civil case. what he has maintained that the payments to hunter was before he declared his candidacy, 100,000 to a trip to africa was not accepted. the campaign manager said the payments were made without edwards knowledge. he is very unsympathetic figure, >> gregg: what does he have to gain by testifying? >> he has everything to lose and nothing to gain. its a big quagmire on the part of a defense attorney. you cannot let him testify. hes got an argument before the fifth amendment, hunter has no...

Ongoing for 18 months before they filed their case. normally if there was a criminal investigation or criminal case to be made, it would have been made by now. so i think the odds of a criminal case are unlikely, but certainly goldman sachs will have its hands full with the civil fraud case by the sec. >> gregg: robert, good to see you. thanks very much. >> thanks. >> our new york man who personified the hardships of so many people out of work right now finally has found a job. you may recall se...

You have trouble cutting down? do you have guilt? are you having withdrawal symptoms and anxiety? they told them about the risks of skin cancer from tanning. they still couldnt stop. they were cutting out of school to go to tanning parlors. we know its psychologically addicting but physical symptoms, it may be altering brain chemistry such as alcohol and drugs. >> gregg: is there something that pleasures the system? >> i think there is. i think that the actual light, ultraviolet light impacts on...

You know, so as a result of that, were not really to blame. >> thats right. goldman sachs has put out that defense, tried to blame essentially the victim in the case and goldman sachs has also put out the defense that they lost money on this trade trying to show that really it wasnt a product that was designed to fail. as more and more of thats correct e-mails are coming out, it comes out that goldman sachs had hedged its position on the trade, so ultimately we may see that goldman did not lose ...

It in a way to get some results, youre going to end on the pages of "wall street journal". i think its idealistic, that teaching ethics will eradicate improper people, but im optimistic is what were going to see enough individuals that are doing positive things that is going to end up, sadly not making the events disappear but put them in a proper context. >> he hopes it will curb future disasters in the world of business. >> gregg: jonathan, thanks. with all the developments in the sec scanda...

Testify about his extramarital airfare and the kiddy father. >> gregg: im so embarrassed. i was talking on the cell phone. i should not have been doing that. its awful. >> what is the fine, its like $200. >> the officer was very nice. >> you didnt get a ticket. >> gregg: i didnt. what legal rick does john edwards face if he testifies in court. our legal experts take up the case. well be right back. sfx: coin drop